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GuocoLand Limited ( (SG:F17) ) has provided an update.
GuocoLand (Malaysia) Berhad, a listed Malaysian property developer under the GuocoLand group, is engaged in real estate development and investment activities across the country. The company focuses on building and managing residential, commercial, and mixed-use properties for a range of domestic stakeholders.
The company has moved a step closer to being taken private via a proposed selective capital reduction and repayment exercise under Section 116 of the Companies Act 2016. The Securities Commission Malaysia has indicated it has no further comments on the circular to shareholders and the independent advice letter, clearing a key regulatory hurdle for the planned privatisation and providing greater clarity for minority investors and other stakeholders.
The most recent analyst rating on (SG:F17) stock is a Buy with a S$3.30 price target. To see the full list of analyst forecasts on GuocoLand Limited stock, see the SG:F17 Stock Forecast page.
More about GuocoLand Limited
GuocoLand (Malaysia) Berhad is a Malaysian property developer listed on Bursa Malaysia under the stock name GUOCO. The company operates in the real estate sector, focusing on property development and investment projects in Malaysia, and forms part of the broader GuocoLand group’s regional real estate portfolio.
Average Trading Volume: 484,755
Technical Sentiment Signal: Strong Buy
Current Market Cap: S$2.77B
Find detailed analytics on F17 stock on TipRanks’ Stock Analysis page.